NEW YORK, May 15, 2012 /PRNewswire/ -- In the coming years, nanotechnology is set to play a pivotal role in various industry segments, including dentistry. Reportlinker.com has made available a new market research report titled “Nanotechnology Market Forecast to 2014.”
The evolving nanotechnology has influenced a large number of industrial segments, and the economic activity generated from it has been high in magnitude and wide in scope. Nanotechnology-based products, which have had a huge impact on almost each industrial sector, are now entering the consumer market in a big way. As per the findings of this report, increased applications of the technology in sectors like electronics, cosmetics, and defense, would propel the growth of the global nanotechnology market, which is anticipated to expand at a CAGR of about 19% during 2011-2014.
According to "Nanotechnology Market Forecast to 2014," the budding technology has revolutionalized dental care as it decreases healing time and improves osseointegration for dental implant placement. Nanotechnology could also help improve cosmetics by changing their physical properties.
Though nanomaterials would continue to dominate the nanotechnology market in the coming years, nano devices, comprising nanolithographic tools for manufacturing the next generation semi-conductors, are estimated to grow at a much faster rate than nanomaterials in near future. The crucial country-level analysis, included in the comprehensive research, identified that the US is the world's most prominent nanotechnology market and will continue to enjoy the biggest pie of the global industry in the years to come, despite developing economies like China, Korea, India, and Brazil investing huge sums in the nanotechnology R&D. The report elaborates on the application areas and regulatory environment relating to nanotechnology in these countries, along with patent analysis.
With a view to providing a balanced outlook of the global nanotechnology market to clients, the report also includes the profiles of key industry players like Altair, Nanophase Tech and Nanosys, among others. Overall, the objective of the study is to help clients understand the prospects of the industry, and make sound investment decisions in view of those.